Penmetsa: Foundation model labs will not build specialized vertical products
“But do I think they'll build a product for legal that can really work inside, you know, complicated law firms for healthcare, for construction, for automotive? I don't think so.”
Stebbings: Anthropic Gross Margins Reached 70% With $559M Projected Q2 Profit
“Gross margin, gross margins expanded from 38% to 70%, and they're going to have a five hundred and fifty nine million operating profit in QT, QT projected.”
O'Driscoll: Anthropic Management Stating November Target for IPO
“They're saying they're going public in November”
Coogan: Meta is disadvantaged in AI without a public cloud platform
“It is a tough position to be in because they don't have a, like, a public cloud. They don't have a cloud service, even though they are a hyperscaler.”
Gilbert: New Coke was rebranded as Coke II and sold until 2002
“They renamed it Coke II. And it was not fully abandoned until 2002.”
Abel: Enterprise clients demand 15x value to justify a 10x contract increase
“That's very hard to defend a 10 X, 10 X jump. They're going to want to see 15 X value.”
Rory O'Driscoll: a16z is the largest capital raiser at every stage
“In their kind of Silicon, pure Silicon Valley universe, they're the largest capital raiser at every stage, so by definition, they're doing the most deals and being the most aggressive.”
Sikri: Israel's objective is to clear Gaza and seize territory
“They just want to clean up Gaza and take the territory.”
Sikri: Israel cannot defeat Iran given Iran's size and population
“I don't think that they can defeat Iran because, you know, given the size of Iran, the population of Iran compared to that of Israel.”
O'Driscoll: Ramp is generating $700M to $800M in revenue
“Like, I've heard they're doing roughly seven, eight hundred million dollars.”
Apple holds a patent for a transparent glass iPhone
“They have a patent for a glass iPhone that, that you can see through or something like that, or something that actually would appear more like glass or appear transparent.”
Tan: Cursor Reached $100M ARR in 20 Months at $9B Valuation
“They recently hit a nine billion dollar valuation and are one of the fastest growing startups of all time, reaching a hundred million dollars ARR just 20 months after launching.”
Estée Lauder created the first complete men's skincare line in 1967
“In 1967, the relaunch wasn't just a retry, it was a revolution. They created the first complete men's skincare line, everything from iPads to aftershave and moisturizers.”
Nikola Saw $27 Million in Trading Volume on Its Bankruptcy Day
“It's crazy on public. They have, there's been twenty seven million dollars of volume today.”
Kushner: Trump administration will not work with vocal critics
“If you're going to go and criticize and say nasty things, they're not going to work with you and they don't have to.”
Hoffman: DOGE has zero chance of cutting $2T without defense cuts
“There is next to zero chance that the missions that they have declared will be successful because the only way to get two trillion out of the budget would be to massively reduce the deficit and reduce defense spending.”
Sam Lessin: Chinese retailers route goods through Mexico using trade agreements
“Well, no, the strategy they now do is they're just moving it all to Mexico, right? And then using NAFTA to get it in.”
Lemkin: Veeva Systems raised $3M and reached a $34B valuation
“They raised three million and are worth thirty-four billion.”
Puri: YC's hit rate increased despite larger batch sizes
“A lot of people now think that they're, you know, maybe they've sort of lost their touch, or the batch size are too big, or the valuation is too high, and actually their hit rate has gone up, even as the batch size has gone up.”
Palihapitiya: Fee-optimizing VC managers will fail to raise future funds
“They'll make a ton of money in fees, but they will not be able to raise funds.”
Dixon: Centralized platforms follow a predictable attract-extract cycle with users
“When they start off, they, I call it the attract-extract cycle. When they start off, they are trying to recruit people into the network, whether they're users or complements like content providers. But over time they start to squeeze you”
Howie Diamond predicts Ride IQ will take his money in 18 months
“They'll take our money in a year and a half from now.”
Calacanis: OpenAI is on track to generate $1B in 2023 revenue
“They are on track to generate one billion dollars in revenue in 20, 23.”
Dave Morin: Shein launched a marketplace on May 4th
“They did launch a marketplace on May fourth of this year, so they're actually trying to compete more broadly.”
Lessin: Shein is first in line to IPO in the US
“They're also one of the first in line to IPO when the, in the U.S., when the market, well, I think in the U.S., I'm not a hundred percent sure about that.”
Nike Signed Its First Athlete Endorsement With Ilie Năstase for $10K
“So they had already, before Rob joined, done the first official sponsorship of an athlete with Ili Nastassi, the tennis player. They paid him 10,000 dollars to wear Nike tennis shoes.”
Sacks: U.S. political leaders will successfully resolve the debt ceiling impasse
“Reuters had a report this morning that they're only 70, seventy two billion apart now in their positions. Which is a relatively small amount. So my guess is they're gonna work this out.”
Balaji: US will inflate away debt or suspend convertibility instead of defaulting
“Well, basically what'll happen in my view is they will they won't, they may not default on it long-term in the sense of pay cash, but they'll inflate it away to such a point. Or make it illiquid or suspend convertibility.”
Carney: Delayed Federal Reserve Rate Hikes Allowed Financial Sector Excesses
“And that meant that You know, they lost six to nine months probably of tightening, ah, time that could have been spent initiating a more gradual tightening, squeezing out some of the excess which built up, you know, in these late stages of a cycle, you get the…”
Poncia: Major meat producers must embrace organic to hit revenue targets
“If they want to hit their numbers, they can't ignore grass fed organic.”
Powell: Amazon fails its workers and harms local economies
“They're not the best employer. They're not taking care of their people. But they're also not supporting small businesses that allow our local economies to thrive.”
Sacks predicts Republicans will win back the House in 2022 midterms
“They almost certainly will win back the House and retire Nancy Pelosi in two years during the midterm election. I'll put money on that right now.”
Calacanis: Republicans will never win presidency with Trump's strategy
“They're just never going to win the presidency again. With this strategy.”